TheStreet upgraded shares of United Parcel Service, Inc. (NYSE:UPS) from a c rating to a b rating in a research report report published on Thursday.

Other equities research analysts also recently issued reports about the stock. Cowen and Company reiterated a hold rating on shares of United Parcel Service in a research report on Wednesday, July 19th. Zacks Investment Research upgraded shares of United Parcel Service from a sell rating to a hold rating in a research report on Monday, May 1st. BidaskClub upgraded shares of United Parcel Service from a sell rating to a hold rating in a research report on Wednesday, June 28th. Seaport Global Securities initiated coverage on shares of United Parcel Service in a research report on Tuesday, June 6th. They issued a neutral rating for the company. Finally, Sanford C. Bernstein reiterated an outperform rating and issued a $127.00 price target on shares of United Parcel Service in a research report on Monday, July 3rd. Three analysts have rated the stock with a sell rating, ten have assigned a hold rating and six have given a buy rating to the company’s stock. The company has a consensus rating of Hold and a consensus target price of $114.57.

United Parcel Service (UPS) opened at 109.66 on Thursday. The firm has a market capitalization of $94.86 billion, a PE ratio of 26.96 and a beta of 0.88. United Parcel Service has a one year low of $102.12 and a one year high of $120.44. The stock has a 50 day moving average price of $110.53 and a 200-day moving average price of $108.24.

United Parcel Service (NYSE:UPS) last released its quarterly earnings results on Thursday, July 27th. The transportation company reported $1.58 earnings per share for the quarter, beating analysts’ consensus estimates of $1.46 by $0.12. United Parcel Service had a net margin of 5.68% and a return on equity of 417.18%. The company had revenue of $15.75 billion during the quarter, compared to the consensus estimate of $15.49 billion. During the same period in the previous year, the business earned $1.43 earnings per share. The firm’s quarterly revenue was up 7.7% on a year-over-year basis. On average, equities analysts forecast that United Parcel Service will post $5.98 earnings per share for the current year.

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In other news, SVP Kathleen M. Gutmann sold 2,000 shares of the company’s stock in a transaction on Monday, June 5th. The shares were sold at an average price of $107.49, for a total transaction of $214,980.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.59% of the stock is currently owned by corporate insiders.

Several hedge funds and other institutional investors have recently made changes to their positions in the company. iAB Financial Bank increased its position in shares of United Parcel Service by 2.9% in the first quarter. iAB Financial Bank now owns 8,850 shares of the transportation company’s stock valued at $950,000 after buying an additional 250 shares during the period. Clarkston Capital Partners LLC increased its position in shares of United Parcel Service by 7.9% in the first quarter. Clarkston Capital Partners LLC now owns 192,019 shares of the transportation company’s stock valued at $20,604,000 after buying an additional 14,075 shares during the period. First Merchants Corp increased its position in shares of United Parcel Service by 2.4% in the first quarter. First Merchants Corp now owns 6,946 shares of the transportation company’s stock valued at $746,000 after buying an additional 165 shares during the period. Franklin Street Advisors Inc. NC increased its position in shares of United Parcel Service by 30.8% in the first quarter. Franklin Street Advisors Inc. NC now owns 3,932 shares of the transportation company’s stock valued at $422,000 after buying an additional 925 shares during the period. Finally, Park National Corp OH increased its position in shares of United Parcel Service by 10.5% in the first quarter. Park National Corp OH now owns 108,616 shares of the transportation company’s stock valued at $11,654,000 after buying an additional 10,320 shares during the period. Institutional investors own 53.24% of the company’s stock.

United Parcel Service Company Profile

United Parcel Service, Inc (UPS) is a package delivery company. The Company is a provider of global supply chain management solutions. The Company operates through three segments: U.S. Domestic Package operations, International Package operations, and Supply Chain & Freight operations. As of December 31, 2016, the Company delivered packages in over 220 countries and territories.

Analyst Recommendations for United Parcel Service (NYSE:UPS)

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